Oregon Statutes 297.076 – Audit plans
(1) The Secretary of State shall, on a fiscal year basis, prepare an annual audit plan for performance audits, as defined in ORS § 297.070, of state departments, boards, commissions, institutions and state-aided institutions and agencies. The audit plan must be based on a risk assessment methodology. The Secretary of State shall seek, in the audit plan, to prioritize audits recommended by the Joint Legislative Audit Committee.
Terms Used In Oregon Statutes 297.076
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(2) The Division of Audits shall provide a draft of the audit plan and the risk assessment methodology used to prepare the plan to the committee for review and comment no later than February 1 of the fiscal year preceding the fiscal year to which the audit plan applies. No later than 90 days after the close of each regular session of the Legislative Assembly, the Division of Audits shall prepare and provide to the committee an amended audit plan that reflects changes, if any, resulting from legislation.
(3) The Division of Audits shall publish the audit plan no later than 30 days prior to its implementation. After publication of the audit plan, the Division of Audits shall notify the committee of any substantive changes to the audit plan.
(4) If the committee recommends an audit not included in the published audit plan, the committee shall provide the Secretary of State with the subject of the audit and available relevant information regarding the subject.
(5) If the Secretary of State intends to conduct an audit not included in the published audit plan, the Secretary of State shall notify the committee prior to the initiation of the audit. Such notification must include any anticipated change to the published audit plan. If the Secretary of State determines that an additional audit, as well as all audits in the published audit plan, cannot be completed with available resources, the Legislative Assembly may provide funding to the Division of Audits for expenses incurred for the audit. If the Legislative Assembly does not provide such funding, the Secretary of State shall amend the audit plan. [2019 c.567 § 8]
297.076 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 297 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
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